Markets DJIA futures are ahead by 123 points, with stronger-than-expected earnings from Micron pushing Nasdaq futures up 0.8%, as positive trade comments from Treasury Secretary Steve Mnuchin added to gains (see below). It followed a series of Fed comments on Tuesday that … Continue reading
Markets Investors are peeling back from recent record highs, taking a defensive stance on risk amid a new set of sanctions on Iran and as U.S. officials downplayed expectations for a breakthrough on China talks at this weekend’s G20 summit. … Continue reading
Markets U.S. equity index futures are pointing to gains of 0.3% at the open, meaning the DJIA will only need to gain another 70 points during today’s session to top its record close of 26,828 posted last October. In Asia, Japan +0.1%. Hong Kong +0.1%. … Continue reading
Markets U.S. stock index futures wavered overnight, currently down around 0.2%, after a major session for Wall Street yesterday that saw the S&P 500 surge almost 1% to its first record close since April. Iran is as good excuse as any for the slight … Continue reading
Markets Bond yields fall, stocks soar As the Fed spreads its dovish wings, the yield on the benchmark 10-year Treasury dropped below 2% overnight for the first time since November 2016. The FOMC left interest rates unchanged at its monetary … Continue reading
Markets Episode 4 of FOMC Season 2019 airs this afternoon (2:00 p.m. ET) and it looks like the Fed is backed into a corner. A failure now to suggest a rate cut later this year – or a pivot back to … Continue reading
Markets Worries over the Middle East appeared to put slight pressure on U.S. stock index futures overnight, but stimulus talk from Mario Draghi has turned markets around. DJIA futures are now ahead by 100 points, while the S&P 500 is up 0.5% and … Continue reading
Markets In Asia, Japan flat. Hong Kong +0.4%. China +0.2%. India -1.3%. In Europe, at midday, London -0.1%. Paris +0.2%. Frankfurt flat. Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -0.5% to $52.24. Gold -0.5% to $1337.60. Bitcoin -1.7% to $9166. Ten-year Treasury Yield +2 bps to 2.11% (Source: Seeking Alpha) Economic Calendar http://mam.econoday.com/ 8:30Empire … Continue reading
Markets In Asia, Japan +0.4%. Hong Kong -0.7%. China -1%. India -0.7%. In Europe, at midday, London -0.6%. Paris -0.4%. Frankfurt -0.8%. Futures at 6:20, Dow -0.3%. S&P -0.3%. Nasdaq -0.8%. Crude -0.8% to $51.84. Gold +1.1% to $1358.10. Bitcoin +2.4% to $8294. Ten-year Treasury Yield -3 bps to 2.06% Source: Seeking Alpha Economic Calendar http://mam.econoday.com/ 8:30Retail Sales9:15Industrial Production10:00Business Inventories10:00Consumer … Continue reading
Markets The oil price surge has given a boost to U.S. stock index futures, which were in the red overnight before attacks on two tankers off the coast of Iran. Dow futures are indicating a positive open of 70 points, while … Continue reading